EUR/USD Lifts On Fed Minutes

On Wednesday Euro/Dollar increased with almost 115 pips on FED minutes. The European currency appreciated from 1.2429 to 1.2543 yesterday, matching the positive money flow sentiment at nearly 26%, closing the day at 1.2525. This morning the Euro ascended slightly further, reashing 1.2553.

On the 1 hour chart the wide and small angle upward channel has renewed, while on the 3 hour chart wide range trading has formed. Break above the nearest resistance and today's top at 1.2553 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.2429, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2318.

Quotes are moving above the 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and calm, MACD is positive and inclining upwards, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.

Yesterday we made +15 pips profit/loss on EUR/USD from the following sent to clients only signal: 5:15 GMT+1 Buy EUR/USD at 1.2463 SL 1.2437 TP 1.2513, exit sent at 9:24 GMT+1. Total yesterday +68, as shown at http://www.zifx.com/performance.php.

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